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Queen Street, Louth

East Midlands

£159,950
Listed on 30/12/2025

Property Details

Bedrooms
N/A
Type
Terraced house

Description

This mid-terrace property, situated in the heart of Louth's conservation area, presents a significant investment opportunity. Located within walking distance to the town centre and its array of amenities, the property currently generates an annual rental income of £17,220 from a ground floor flat and four bedsits. While the interior requires comprehensive modernisation, this provides a blank canvas for investors or homeowners looking to enhance value through refurbishment. The spacious layout includes a ground floor flat featuring two bedrooms, living areas with fireplaces, kitchen and bathroom facilities, along with four additional bedsits on the upper floors. Each bedsit is complete with its own sink and ample natural light from single-glazed windows. Outside, there is a manageable rear courtyard garden and a brick store. Louth itself boasts rich local culture with historic sites, parks, independent shops, and excellent schooling options—making it an appealing location for potential tenants or future buyers. Enhancing this property could yield substantial financial returns in an area known for its desirability.

Investment Analysis

(LN11 area)
Area Average
£220/sq ft
Avg Rent (weekly)
£163
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LN11)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 2.7%
5 year growth: 18.0%
Investment Disclaimer: Analysis based on LN11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Queen Street, Louth
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £119,962 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE